Prudential to Shed $31B in Individual Annuity Account Value
By Allison BellThe deal with Fortitude Re involves 17% of the individual annuity account value on Pru's books.
September 15, 2021
U.S. Life Application Activity Rebounds: MIBInterest in whole life and universal life was especially strong.
September 15, 2021
2 Big Mistakes in Democrats' Tax-Hike PlanAttempting to please both progressives and moderates has led to messy compromises that create more problems than they solve.
September 15, 2021
High-Income Uninsured Health Market Grows 11%: Census BureauMost high-income people have private coverage, but, in 2020, the percentage fell.
September 14, 2021
CFP Board Teams With Ballentine Partners on Diversity ScholarshipFour annual awards worth up to $5,000 each will be offered to 16 Black and Hispanic or Latino students pursuing CFP certification.
September 14, 2021
CI Financial Buying $5.2B Silicon Valley RIAThe acquisition of Portola Partners Group is expected to close later this month.
September 14, 2021
Warren Asks Fed to Break Up Wells Fargo After Regulatory HitIn a letter to Federal Reserve Chair Jerome Powell, Warren called on the Fed to revoke the bank's status as a financial holding company.
September 14, 2021
FINRA Fines Former Wells Fargo Rep Who Lied About Outside AccountsThe ex-broker falsely stated on a compliance questionnaire that he had no outside accounts, FINRA says.